BNB (BNB)

The BNB Chain is an EVM compatible chain that uses the Proof of Staked Authority consensus mechanism (PoSA) posed as a solution to bring programmability and interoperability to the Binance Chain. PoSA can be seen as a hybrid between Proof of Stake and Proof of Authority mechanism.

Figment Validator Address:
0x477cB5d87144b2a6d93f72e32f5E01a459260D68

Market Cap

$75.5B

Staking Reward Rate*

0.5-2%*

Price

$566.61

Auto-Compounding

No

Reward Frequency

1 Epoch (Daily)

Activation

Immediate

Withdrawal

7 Days

Slashing Penalties Enabled

Yes

*Staking Reward Rates (SRR) vary based on network conditions, delegation size, and infrastructure optimizations. Contact our team to explore your potential rewards.

Why Stake BNB With Figment?

• The BNB Chain relies on a network of 21 validators, via the PoSA system ensuring that the most bonded validator candidates of staking, become active validators and produce blocks
• Binance schedules quarterly $BNB burns, to reduce the supply of $BNB
• BNB Chain combines EVM-compatibility and the fast transaction times of the PoSA to deliver a favorable interoperability solution

BNB Staking FAQ

Do I maintain custody of my BNB tokens? Who or what controls my staked BNB token?
Figment has partnerships with a number of top-in-class custodians. Please contact support@figment.io for more inquiries.

What wallet can I use?
You can use the Trust Wallet or a Ledger BNB wallet.

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Page Source

Alternative:
WPA